Americold Realty Trust, Inc. (NYSE:COLD) Position Reduced by Quantbot Technologies LP

Quantbot Technologies LP reduced its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 65.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,986 shares of the company’s stock after selling 94,970 shares during the quarter. Quantbot Technologies LP’s holdings in Americold Realty Trust were worth $1,091,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Natixis Advisors LLC raised its holdings in shares of Americold Realty Trust by 7.0% in the 3rd quarter. Natixis Advisors LLC now owns 53,053 shares of the company’s stock worth $1,500,000 after purchasing an additional 3,456 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Americold Realty Trust by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after buying an additional 165,667 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Americold Realty Trust by 87.2% in the third quarter. Cerity Partners LLC now owns 54,873 shares of the company’s stock valued at $1,551,000 after buying an additional 25,554 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Americold Realty Trust during the 3rd quarter valued at $55,000. Finally, FMR LLC grew its holdings in shares of Americold Realty Trust by 40.8% in the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after acquiring an additional 3,844,603 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COLD has been the subject of several analyst reports. Citigroup reduced their target price on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Truist Financial reduced their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Scotiabank boosted their price target on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday, March 10th. Finally, Raymond James decreased their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.82.

Americold Realty Trust Price Performance

NYSE COLD opened at $21.51 on Wednesday. The firm has a market cap of $6.12 billion, a P/E ratio of -63.26, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. The stock’s 50-day moving average is $21.80 and its two-hundred day moving average is $23.69. Americold Realty Trust, Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $30.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm had revenue of $666.44 million during the quarter, compared to analyst estimates of $684.03 million. On average, analysts anticipate that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 28th. This is a positive change from Americold Realty Trust’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 4.28%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -270.59%.

Americold Realty Trust Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.